Effects of transaction costs on supply response and marketed surplus: simulations using non-separable household models
This paper explores the effect of transaction costs on aggregate supply and demand and marketed surplus. A five-good non-separable household model is used to illustrate the effect of transaction costs on a generic African household. Then, the paper examines the aggregate behavior of a market consist...
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| Format: | Artículo preliminar |
| Language: | Inglés |
| Published: |
International Food Policy Research Institute
1999
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10568/161299 |
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